Kim v. Argo Ventures Inc.
Young Chul Kim
Argo Ventures Inc.
Law Firm / Organization
Shields Harney
Lawyer(s)

Andrew P. Morrison

Jason Hyunwoo Hong
Law Firm / Organization
Shields Harney
Lawyer(s)

John Shields

Background: The case involved Young Chul Kim as the plaintiff and Argo Ventures Inc. and Jason Hyunwoo Hong as the defendants. The dispute revolved around the Olympic Village real estate development project in Vancouver. Key issues concerned contractual disputes over entitlements and incentives related to the project's investments.

Legal Arguments/Issues:

  1. Enforceability of Oral Agreement: The court evaluated whether an oral agreement regarding the APEM Incentive was enforceable. It concluded there was no enforceable oral agreement as the discussions did not specify terms related to this incentive.
  2. Unjust Enrichment: Mr. Kim sought relief under the claim that he was unjustly enriched by his efforts without compensation. The court found no unjust enrichment occurred as Mr. Kim had not proven a direct benefit to the defendants nor a deprivation on his part.
  3. Statute of Limitations: A statute of limitations defense was raised against Mr. Kim's claim for the RSJV Liquidation Incentive. The court ruled the claim was not statute-barred because the cause of action did not arise until the obligation to pay the incentive became due.

Total Amount of Costs/Award: The document did not specify the total amount of costs or award in favor of the successful party within the provided text. However, it highlighted various legal arguments and the court's decisions on those matters, focusing on the details and outcomes of the contract and unjust enrichment claims.

Supreme Court of British Columbia
S205944
Real estate
Defendant